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The International Monetary Fund (IMF)
An International Career
The IMF’s Role in the International Monetary and Financial System Employment Opportunities
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IMF Headquarters in Washington D.C.
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The roots of the IMF
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IMF World Bank
Promote global financial stability
Encourage exchange rate stability
Act as forum for international monetary cooperation
Offer financial assistance to resolve balance of payments problems
Originally, provide reconstruction assistance after WWII
Promote long-term economic development
Project financing, including infrastructure, energy, education, health
The Roles of the IMF and World Bank
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The IMF today
Represents 187 countries Non-members include Cuba, North Korea, Andorra, Monaco, Nauru, Liechtenstein.
Short-term balance of payments support Facilitate expansion in trade, high levels of employment and income.
A mandate for global economic and
financial stability
Promotes economic cooperation Complements the UN, the World Bank, the WTO and the ILO.
A pillar of multilateralism
Near global membership
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IMF Management
The MD is head of IMF staff and Chairman of the Executive Board – assisted by four DMDs
First DMD David Lipton
DMD Nemat Shafik
DMD Naoyuki Shinohara
DMD Min Zhu
Managing Director Christine Lagarde
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HQ in Washington D.C., Resident
Representative Offices, Regional Offices,
and Training Centers (totaling 85)
Staff：About 2,500 from 141 countries
More than 50% of staff are economists
IMF and Staff
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What the IMF does
IMF
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SPREAD ALL ACROSS THE WORLD BY TRADE AND FINANCIAL CHANNELS
30 MILLION JOBS LOST
64 MILLION THROWN INTO EXTREME POVERTY
COOPERATION AVOIDED A
SECOND GREAT DEPRESSION G-20
FISCAL STIMULUS
IMF LENDING
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Huge challenges remain
Unemployment
Fiscal sustainability
Rebalancing sources of growth
Reform (financial sector )
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Governance: A bigger voice to emerging market and developing countries
Lending: Plugging holes in the global financial safety net
Preventing future crises
Surveillance: A ruthless truth teller, focusing more on systemic and cross-country issues
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The IMF’s Role in the International Monetary and Financial System Employment Opportunities
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• MID CAREER ECONOMISTS
• ECONOMIST PROGRAM (EP)
• FUND INTERNSHIP PROGRAM (FIP)
• RESEARCH ASSISTANT
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ECONOMIST PROGRAM (EP)
Program Overview:
“Point of Entry” for young economist
Three-year program consisting of two assignments: area and functional department
Participants have full professional responsibilities
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Requirements: • Below the age of 34 when he/she starts
• Minimum Masters degree; preferably Ph.D.
• No direct work experience required, but advantageous
ECONOMIST PROGRAM PARTICIPANTS
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EP RECRUITMENT SCHEDULE: FALL 2011
APPLY NOW (deadline November 22nd – research paper to be submitted by November 27th 2011) email : [email protected]
Dec 6 – Jan 13, 2012 HQ Interviews
Jan – Feb 2012 Selection Mtgs.
Sep 2012 EPs Enter on Duty
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20 EPs recruited from 15 countries.
45% were recruited from non-U.S. universities.
55% were women.
74% candidates accepted the Fund’s offer. Of those declining, most took an academic position instead.
EP RECRUITMENT – 2011 PROGRAM
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10-13 week paid internship at Headquarters (between May – October)
40 per year
Research project – leading to a paper
FUND INTERNSHIP PROGRAM (FIP)
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Applications: October 3, 2011 – December 16, 2012
Summer Internship decision: Mid March 2012
Group enter-on-duty dates starting in May (Last starting date: July)
FIP RECRUITMENT SCHEDULE: SUMMER 2011
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Ongoing Applications
Duration - a couple of years only
Research Assistant Program (RAP)
3.5 GPA; Bachelor’s; 2 yr appointment
RESEARCH ASSISTANTS
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International Monetary Fund Talent Acquisition and Management Division 700 19th Street, N.W. Washington, D.C. 20431 U.S.A Tel: (202)-623-7422 Fax: (202)-623-7333 E-mail: [email protected]
Web site: www.imf.org/jobs
CONTACTING THE IMF
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Thank You!
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